Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
 Your new post is loading...
Your new post is loading...
Scoop.it!
President criticises ‘unfair policies and practices’ as he announces new round of tariffs 
No comment yet.
Sign up to comment
Scoop.it!
US President Donald Trump reportedly tells staff to move ahead with tariffs on $200bn worth of Chinese goods.
Graham Watson's insight:
Round three, or is it four, I've lost count/interest.
The US is reported to be thinking about another $200bn worth of tariffs and the President seems convinced he's winning the trade war. I have to say, I'm underwhelmed by the size of the 'improvement' in the US trade deficit and the 'remarkable' rate of both reshoring and job creation.
It would be interesting to hear the President quantify the gains from his trade policy.
Scoop.it!
Proposed levies would come on top of existing 25% tariffs on $50bn of Chinese exports
Graham Watson's insight:
I'm not sure what round it is, but the Chinese will retaliate if the US imposes yet more tariffs on Chinese goods.
And remember, the President himself said that a trade war was "easy to win".
Quite what anonymous senior White House officials make of this, I do not know, although they appear to want to sign letters that have been drafted for them by the President's staff in droves.
|
Scoop.it!
The new taxes target $200bn worth of Chinese goods, marking the largest round of US tariffs so far.
Graham Watson's insight:
The much-heralded next round of tariffs has been imposed: watch this space.
Scoop.it!
If both sets of tariffs go ahead virtually all of China's US exports will be subject to new duties.
Graham Watson's insight:
Here we go again!
Although I'm grateful that the President says nothing more complex than "ready to go". My Twitter feed has just suggested that he's got enough difficulty with longer words, like 'anonymous'.
|
If you are interested in the difference between 'good' and 'bad' economics, then this is the article for you. President Trump expands upon his reasons for the latest round of tariffs.
One assumes that lavish protection of US farmers is neither an 'unfair policy' or 'practice'.